Stablecoins Are The ‘Disney Dollars’ of Crypto10.07

Companies and exchanges are jumping on the stablecoin bandwagon — but just how promising is this concept and doesn’t it go completely against everything Bitcoin stands for?

Disneyland’s first president, Jack Lindquist, introduced the in-house currency called Disney Dollars in 1987. These paper notes featured pictures of Mickey Mouse and other popular Disney characters. They were sold at the theme parks in denominations of $1, $5, $10, $20, and $50 — just like their USD counterparts.